Societe Generale's Ayvens Seen as Core Focus for Growth -- Market Talk

Dow Jones

Jun 24, 2025

1447 GMT - Ayvens's ownership by Societe Generale is sound, UBS says in a research note. The French bank owns a majority stake in what is the largest car-leasing business in Europe, which it floated in 2017 and enlarged with LeasePlan in 2023. Societe Generale sees the unit as core, as it is one of the two divisions with BoursoBank where management has a growing capital commitment, analysts Jason Napier and Nicolas O'Sullivan write. The group's profits should increase based on integration gains and industry growth, they say. "The key debate for the stock is what sustainable returns are after a period of substantial volatility in used car prices and integration one-offs," they add. UBS starts covering Ayvens stock with a buy rating and 12-euro price target. Shares are up 5.8% at 9.27 euros. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

June 24, 2025 10:47 ET (14:47 GMT)

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The French bank owns a majority stake in what is the largest car-leasing business in Europe, which it floated in 2017 and enlarged with LeasePlan in 2023. <a href=\"https://laohu8.com/S/SCGLY\">Societe Generale</a> sees the unit as core, as it is one of the two divisions with BoursoBank where management has a growing capital commitment, analysts Jason Napier and Nicolas O'Sullivan write. The group's profits should increase based on integration gains and industry growth, they say. \"The key debate for the stock is what sustainable returns are after a period of substantial volatility in used car prices and integration one-offs,\" they add. UBS starts covering Ayvens stock with a buy rating and 12-euro price target. Shares are up 5.8% at 9.27 euros. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 24, 2025 10:47 ET (14:47 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Societe Generale's Ayvens Seen as Core Focus for Growth -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSociete Generale's Ayvens Seen as Core Focus for Growth -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-06-24 22:47</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1447 GMT - Ayvens's ownership by <a href=\"https://laohu8.com/S/SCGLF\">Societe Generale</a> is sound, UBS says in a research note. The French bank owns a majority stake in what is the largest car-leasing business in Europe, which it floated in 2017 and enlarged with LeasePlan in 2023. <a href=\"https://laohu8.com/S/SCGLY\">Societe Generale</a> sees the unit as core, as it is one of the two divisions with BoursoBank where management has a growing capital commitment, analysts Jason Napier and Nicolas O'Sullivan write. The group's profits should increase based on integration gains and industry growth, they say. \"The key debate for the stock is what sustainable returns are after a period of substantial volatility in used car prices and integration one-offs,\" they add. UBS starts covering Ayvens stock with a buy rating and 12-euro price target. Shares are up 5.8% at 9.27 euros. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 24, 2025 10:47 ET (14:47 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2545236617","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545236617","pubTimestamp":1750776420,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1447 GMT - Ayvens's ownership by Societe Generale is sound, UBS says in a research note. The French bank owns a majority stake in what is the largest car-leasing business in Europe, which it floated in 2017 and enlarged with LeasePlan in 2023. Societe Generale sees the unit as core, as it is one of the two divisions with BoursoBank where management has a growing capital commitment, analysts Jason Napier and Nicolas O'Sullivan write. The group's profits should increase based on integration gains and industry growth, they say. \"The key debate for the stock is what sustainable returns are after a period of substantial volatility in used car prices and integration one-offs,\" they add. UBS starts covering Ayvens stock with a buy rating and 12-euro price target. Shares are up 5.8% at 9.27 euros. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","SCGLY":"Societe Generale"},"translate_title":"法国兴业银行的Ayvens被视为增长的核心焦点——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SCGLY":0.9},"content_text":"1447 GMT - Ayvens's ownership by Societe Generale is sound, UBS says in a research note. The French bank owns a majority stake in what is the largest car-leasing business in Europe, which it floated in 2017 and enlarged with LeasePlan in 2023. Societe Generale sees the unit as core, as it is one of the two divisions with BoursoBank where management has a growing capital commitment, analysts Jason Napier and Nicolas O'Sullivan write. The group's profits should increase based on integration gains and industry growth, they say. \"The key debate for the stock is what sustainable returns are after a period of substantial volatility in used car prices and integration one-offs,\" they add. UBS starts covering Ayvens stock with a buy rating and 12-euro price target. Shares are up 5.8% at 9.27 euros. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 24, 2025 10:47 ET (14:47 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}